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  1. Today's Naira Rate [21-12-2024]: Naira Weakens to N1,775 on Parallel Market Amid Forex Challenges

    Nigeria Today's Naira Rate [21-12-2024]: Naira Weakens to N1,775 on Parallel Market Amid Forex Challenges

    The naira weakened against the dollar, closing at N1,541.68 in the official market and N1,775 in the parallel market. Despite weeklong volatility, the currency saw some gains. President Tinubu’s 2025 exchange rate benchmark of N1,500 per dollar hints at efforts to stabilize Nigeria’s economy...
    • Nigeria News
    • Article
    • 1 min read
    • dollars exchange rate forex crises in nigeria naira
    • Category: Business
  2. Today's Naira Rate [13-12-2024]: Naira Depreciates by N68 in Parallel Market, Reaches N1,668/$

    Nigeria Today's Naira Rate [13-12-2024]: Naira Depreciates by N68 in Parallel Market, Reaches N1,668/$

    The Naira has depreciated in the parallel market, trading at N1,668 per dollar on December 12, 2024, down from N1,600. Meanwhile, in the official market, the Naira appreciated to N1,534.6 per dollar. The widening gap between the parallel and official exchange rates poses challenges for Nigeria's...
    • Nigeria News
    • Article
    • 1 min read
    • black market exchange rate dollar to naira exchange rate foreign exchange parallel market
    • Category: Business
  3. Today's Naira Rate [09-12-2024]: Naira Hits N1,550/$ in Parallel Market, Official Rate Experiences Minor Drop

    Nigeria Today's Naira Rate [09-12-2024]: Naira Hits N1,550/$ in Parallel Market, Official Rate Experiences Minor Drop

    The Naira appreciated in the parallel market, trading at N1,550 per dollar, gaining N5 from last weekend. However, the official market saw a slight depreciation of N1,538. The exchange rate gap between the two markets narrowed to N12, reflecting ongoing stabilization efforts by the Central Bank...
    • Nigeria News
    • Article
    • 1 min read
    • central bank of nigeria exchange rate naira appreciation parallel market
    • Category: Business
  4. K

    Business Naira appreciates to N1,550/$ in parallel market - Vanguard News

    https://www.vanguardngr.com/2024/12/naira-appreciates-to-n1550-in-parallel-market-2/
  5. K

    Business Naira trades below N2,000 against the British Pound for the first time since July - Nairametrics

    https://nairametrics.com/2024/12/07/naira-trades-below-n2000-against-the-british-pound-for-the-first-time-since-july/
  6. Today's Naira Rate [06-12-2024]: Naira Strengthens to N1,640/$1 in Parallel Market

    Nigeria Today's Naira Rate [06-12-2024]: Naira Strengthens to N1,640/$1 in Parallel Market

    The Central Bank of Nigeria’s Electronic Foreign Exchange Matching System (EFEMS) has strengthened the naira to N1,587.29/$1 in the official market, driving market transparency and efficiency. Launched in December 2024, EFEMS aims to unify exchange rates, reduce risks, and attract foreign...
    • Nigeria News
    • Article
    • 2 min read
    • dollar rate dollar to naira black market exchange rate naira to dollar today usd to naira
    • Category: Business
  7. K

    Business Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 4th December 2024 - NaijaNews

    https://www.naijanews.com/2024/12/04/black-market-dollar-usd-to-naira-ngn-exchange-rate-today-4th-december-2024/
  8. K

    Business Naira strengthens against dollar at black market - Daily Post

    https://dailypost.ng/2024/12/03/naira-strengthens-against-dollar-at-black-market/
  9. Today's Naira Rate[26-11-2024]: Naira Hits N1752 Against the Dollar in Black Market

    Nigeria Today's Naira Rate[26-11-2024]: Naira Hits N1752 Against the Dollar in Black Market

    As of 26th November 2024, the black market exchange rate for USD to NGN in Lagos is N1,752 (buying) and N1,755 (selling). The official CBN rate is N1,664 (buying) and N1,665 (selling). Rates may vary depending on location and financial institutions. As of today, 26th November 2024, the black...
    • Nigeria News
    • Article
    • 1 min read
    • black market dollar exchange rate naira usd to ngn
    • Category: Business
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    Business Naira appreciates to N1,725/$ in parallel market - Vanguard News

    https://www.vanguardngr.com/2024/11/naira-appreciates-to-n1725-in-parallel-market-2/
  11. Today's Naira Rate[28-10-2024]: Naira Plummets to N1,740 as Economic Stability Wavers

    Nigeria Today's Naira Rate[28-10-2024]: Naira Plummets to N1,740 as Economic Stability Wavers

    The Nigerian naira has plunged to N1,740 per dollar in the parallel market, reversing earlier gains and raising concerns over economic stability. Minor appreciation was noted in the NAFEM, but analysts warn that supply shortages and increasing demand could lead to further depreciation in the...
    • Nigeria News
    • Article
    • 2 min read
    • exchange rate exchange rate for dollar
    • Category: Business
  12. Today's Naira Rate[06-10-2024]: Black Market Dollar Rate Reaches N1,674 as Economic Challenges Persist

    Nigeria Today's Naira Rate[06-10-2024]: Black Market Dollar Rate Reaches N1,674 as Economic Challenges Persist

    As of October 6, 2024, the black market exchange rate for the US dollar against the Nigerian naira has reached N1,674. This stark difference from the official rate of N1,657 by the Central Bank highlights ongoing economic challenges and a persistent shortage of foreign currency in Nigeria. As...
    • Nigeria News
    • Article
    • 1 min read
    • black market dollar to naira exchange rate foreign currency shortage nigeria economy
    • Category: Business
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    Business CBN approves sales of Dollar to legible BDC operators at N1580 rate - Daily Post

    https://dailypost.ng/2024/09/07/cbn-approves-sales-of-dollar-to-legible-bdc-operators-at-n1580-rate/
  14. Today's Naira Rate[05-09-2024]: Urgent Reforms Needed as Naira Hits New Low of N1,639.41 Against Dollar

    Nigeria Today's Naira Rate[05-09-2024]: Urgent Reforms Needed as Naira Hits New Low of N1,639.41 Against Dollar

    The naira plummeted to N1,639.41 per dollar in the official market, marking a significant decline of N34 from the previous day. The black market rate also fell, reflecting broader economic instability and inflation concerns, prompting calls for urgent government reforms to stabilize the...
    • Nigeria News
    • Article
    • 1 min read
    • black market rate currency depreciation exchange rate
    • Category: Business
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    Business Naira depreciates to N1,635 in parallel market - Vanguard News

    https://www.vanguardngr.com/2024/09/naira-depreciates-to-n1635-in-parallel-market/
  16. Today's Naira Rate[26-08-2024]: Naira Drops to 1,596.60/$ as Dollar Supply Tightens in FX Market

    Nigeria Today's Naira Rate[26-08-2024]: Naira Drops to 1,596.60/$ as Dollar Supply Tightens in FX Market

    The naira closed at N1,596.60 per dollar as dollar liquidity decreased, marking a 1.66% drop from Friday's rate. Daily FX market turnover fell 14.80% to $102.93 million, while the parallel market rate was quoted at N1,610. Analysts suggest sustained high interest rates amid ongoing inflation...
    • Nigeria News
    • Article
    • 2 min read
    • dollar liquidity exchange rate foreign exchange market
    • Category: Business
  17. Today's Naira Rate[22-07-2014]: Black Market USD to Naira Rate Hits ₦1,598

    Nigeria Today's Naira Rate[22-07-2014]: Black Market USD to Naira Rate Hits ₦1,598

    On July 22, 2024, the black market exchange rate for USD to NGN in Lagos is ₦1,590 buying and ₦1,598 selling. In contrast, the Central Bank of Nigeria sets its official rates at ₦1,584 buying and ₦1,585 selling. Rates may vary slightly due to market conditions. On July 22, 2024, the black...
    • Nigeria News
    • Article
    • 1 min read
    • black market dollar rate cbn dollar rate exchange rate parallel market usd to naira exchange rate
    • Category: Business
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    Business Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 22nd July 2024 - NaijaNews

    https://www.naijanews.com/2024/07/22/black-market-dollar-usd-to-naira-ngn-exchange-rate-today-22nd-july-2024/
  19. Presidency Slams NYT for Negative Portrayal of Nigeria, Highlights Tinubu’s Reforms

    Nigeria Presidency Slams NYT for Negative Portrayal of Nigeria, Highlights Tinubu’s Reforms

    The Nigerian presidency refutes claims in a New York Times article, asserting that President Tinubu inherited, not caused, the country's economic challenges. Highlighting policy measures and positive economic indicators, the presidency defends Tinubu’s administration and criticizes the foreign...
    • Nigeria News
    • Article
    • 2 min read
    • bayo onanuga exchange rate fuel subsidy new york times nigeria economy tinubu economic policies
    • Category: Politics
  20. Today's Naira Rate [07-06-2024]: Nigerian Naira Slips Closer to N1500/$ Amid Dollar's Resurgence

    Nigeria Today's Naira Rate [07-06-2024]: Nigerian Naira Slips Closer to N1500/$ Amid Dollar's Resurgence

    The Nigerian Naira faces downward pressure against the US dollar, nearing the critical threshold of N1500/$ as the dollar index surges by 80 basis points. As the trading week came to a close, the Nigerian Naira witnessed a notable decline against the US dollar, reaching N1495/$ in the parallel...
    • Nigeria News
    • Article
    • 1 min read
    • black market currency dollar exchange rate forex naira nigeria
    • Category: Business

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